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Stock Market & Financial Investment News

News Breaks
April 14, 2014
12:26 EDTMDT, GDP, FB, EW, ENH, TWTR, NQ, WBMD, AHL, COn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after a bigger than expected increase in retail sales, along with better than expected headline profits at Citigroup (C), lent some confidence to buyers at the start of a holiday-shortened week of trading. The retail data, which showed sales notched their largest gain in 1.5 years in March, added to a recent string of better than expected domestic economic reports. However, today's data was followed by an upward move in the major averages, which had not been the case in some recent trading sessions. ECONOMIC EVENTS: In the U.S., retail sales climbed 1.1% in March, beating expectations for an increase of 0.8%. Retail sales excluding autos rose 0.7%, which also beat estimates. Business inventories grew 0.4% in February, versus the consensus forecast for a 0.5% gain. In Europe, the EU's statistics agency said industrial production across the 18 countries that share the euro rose by 0.2% in February from the prior month and by 1.7% from the same month of the prior year. COMPANY NEWS: Shares of Citigroup advanced more than 4% after the company's first quarter earnings, excluding one-time items and accounting adjustments, of $1.30 per share easily beat the consensus $1.14 per share forecast. CEO Michael Corbat said the company delivered strong results despite a quarter "that was difficult," noting that the bank reduced its deferred tax assets more than any other quarter since the crisis and drove Citi Holdings closer to break even. Prior to today's good news, the bank had been in focus for a number of negative headlines during the quarter, including its disclosure of fraud in its Mexican unit and the Federal Reserve objecting to its capital return plans... Twitter (TWTR) shares rose over 3% after the company disclosed that its co-founders, Jack Dorsey and Evan Williams, and its CEO, Richard Costolo, have informed the company that they have no current plans to sell any of their shares as a lockup of the stock approaches on May 5. Social network peer Facebook (FB) also gained more than 1.5% after news reports from Europe said the company is close to obtaining Irish regulatory approval to provide financial services such as electronic payments and exchanges with other members... Aspen Insurance (AHL) remained up 10% near noon despite the company rejecting the takeover offer that its peer in the insurance and reinsurance industry, Endurance Specialty (ENH), made public. Aspen said the "ill-conceived" $47.50 per share buyout offer made by Endurance represents a "strategic mismatch" and carries "significant execution risk." MAJOR MOVERS: Among the notable gainers was Goodrich Petroleum (GDP), which jumped 37% after the company reported strong results for a well it drilled in Louisiana. Also higher was WebMD (WBMD), which advanced 18% after advising it now expects its Q1 revenue to be at the high end of the range the company previously provided and for its adjusted EBITDA to beat the high end of its prior guidance. Among the noteworthy losers was Medtronic (MDT), which dropped 2% after its competitor, Edwards Lifesciences (EW), was granted a preliminary injunction limiting the sale of Medtronic's CoreValve system in the U.S. due to patent infringement. Edwards, which was upgraded at JPMorgan and CRT Capital following the court victory, gained 12%. Also lower again were shares of NQ Mobile (NQ), which slid another 5.8% as its post-earnings weakness continues. Short selling research firm Muddy Waters, which has previously alleged NQ to be a fraud, said the recently reported results indicate that the company's auditor has stepped up its scrutiny of the Chinese company. INDEXES: Near midday, the Dow was up 131.17, or 0.82%, to 16,157.92, the Nasdaq was up 40.19, or 1.0%, to 4,039.93, and the S&P 500 was up 15.84, or 0.87%, to 1,831.53.
News For C;TWTR;FB;AHL;ENH;GDP;WBMD;EW;MDT;NQ From The Last 14 Days
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August 21, 2015
10:00 EDTTWTRTwitter volatility increases
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09:59 EDTTWTRTwitter rises, levels to watch
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09:34 EDTFB, TWTRActive equity options trading on open
Active equity options trading on open: AAPL FB BAC NFLX DIS TSLA TWTR
05:47 EDTFBStocks with implied volatility movement; NFLX FB
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August 20, 2015
19:35 EDTFBGoogle tests video ads in search results, Digiday says
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16:00 EDTFBOptions Update; August 20, 2015
iPath S&P 500 VIX Short-Term Futures up 1.49 to 17.70. Option volume leaders: AAPL BAC FB NFLX DIS INTC BABA MU
12:56 EDTFBSmall drones bringing air traffic problems in U.S., Washington Post reports
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11:16 EDTFBStocks with call strike movement; FB NFLX
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11:12 EDTTWTRStocks with call strike movement; MU TWTR
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10:32 EDTFBFacebook August calls active
Facebook August 94 & 95 calls are active on total call volume of 84K contracts (36K puts). August call option implied volatility is at 41, August weekly is at 33, September is at 30; compared to its 52-week range of 20 to 48. Active call volume suggests traders taking positions for upside price movement.
09:36 EDTFBActive equity options trading on open
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06:07 EDTCSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
August 19, 2015
17:33 EDTGDPGoodrich Petroleum CFO Jan Schott to resign
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16:00 EDTTWTR, FBOptions Update; August 19, 2015
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12:00 EDTTWTRTwitter falls, levels to watch
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10:58 EDTCCiti to pay $15M to settle SEC charges of compliance, surveillance failures
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10:06 EDTCCiti reports July credit loss 2.33% vs. 2.49% last month
Reports July delinquencies 1.46% vs. 1.42% last month.
09:33 EDTFB, TWTRActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
06:53 EDTFBDeutsche Telekom exec calls for internet firms to subsidize online ads, FT says
Deutsche Telekom (DTEGY) senior vice president of technology strategy, governance, and programs Tomasz Gerszberg has called for internet companies such as Google (GOOG) and Facebook (FB) to subsidize users' mobile subscriptions due to the new way advertising takes over data allowances, the Financial Times reports, citing an article Gerszberg wrote on LinkedIn. The Deutsche Telekom executive said that consumers need to be protected from rising data charges related to "annoying" online ads, the report says. Reference Link
06:24 EDTCCiti to give back additional $4.5M in fee overcharges, Reuters reports
Citigroup subsidiary Citigroup Global Markets has reached an agreement with the New York attorney general to return $4.5M in account management fees charged on roughly 15,000 frozen accounts, Reuters reports. As a result of the deal, more than $20M will be refunded to Citi customers for overcharges in a probe started by New York attorney general Eric Schneiderman, the report says. Reference Link
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